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News of the Week by BACEE
-SELECTED ECONOMIC AND BANKING NEWS FROM CEE-SEE-CIS COUNTRIES-
Detailed information available for subscribers of the News of the Week service. In 2011, we have provided over 9,000 articles on 30 countries to the subscribers.
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For subscription conditions and for information on selected articles' contents please contact BACEE's Information Service.
| Istvan Lengyel |
BACEE's Information Service |
| Secretary General and Chief Analyst |
Feszty Árpád utca 2. |
| BACEE |
Budapest, Hungary |
| Feszty Árpád utca 2. |
H-1013 |
| Budapest, Hungary |
Tel.: +36 1 356 85 81 |
| H-1013 |
Fax: +36 1 212 03 13 |
| Tel.: +36 1 356 85 81 |
Email: bacee@bacee.hu |
| Fax: +36 1 212 03 13 |
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| Email: istvan.lengyel@bacee.hu |
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Selected news of February 2012
Azerbaijan
- Azerbaijan needs to increase the capitalization requirements for banks
- Second wave of crisis not to have major impact on Azerbaijani banking sector
- Fitch affirms Azerbaijani Kapital Bank at ‘B+’
- Ganjabank gets 15$25 rise in assets
- Turkish Is Bankasi decides to create two banks in Azerbaijan
- Pasha Bank gets 8% decline in profit
- IFC and EBRD increase investments in Rabitabank
- Texnikabank carries out a 6% rise of share capital
- AtaBank, Kredo Bank, Xalg Bank, YapiKredi Bank Azerbaijan report 2011 results<+/span>
Czeh Republic
- Czech Republic: Consumer lending stagnant or down in 2012
- Share of Czech unpaid loans falls to almost two-year low of 5.96% in Dec 2011
- CEB supports record 338 small, mid-sized firms in 2011
- CSOB’s 2011 profit falls to CZK 11.2 bn due to Greek bond write-off
Croatia
- Croatia's banking sector resilient, says HNB
- HPB’ 2011 net profit roars by 72.6%
- HPB privatization talks underway
Estonia
- SEB Eesti’s operating profit up 92% in 2011
Georgia
- TBC Bank stakeholders to take about GEL 24 M dividends from 2011 profits
Hungary
- Hungarian banks close branches
- Hungary’s banks post HUF 298 bn loss in FX repayment
- KBC Group books EUR 82 M impairment on FX mortgage portfolio in Hungary
Kazakhstan
- Kazakh banking sector assets expand by 6.5% through 2011 to USD 86.16 bn
- Share of problem loans in the credit portfolio of Kazakhstani banks remains high - National Bank
- Bank CenterCredit paid dividends on preferred shares
- BTA Bank suspends corporate website due to DDOS-attacks
- BTA Bank informs on the establishment of Creditors' Committee
- Halyk Bank cancels preferred shares buyback
- S&P downgrades Nurbank’s ratings
Kyrgyzstan
- Kyrgyzstan to establish state development bank
- Debt Restructuring Agency postpones sale of Zalkar Bank until September 2012
Latvia
- Citadele Bank increasingly influential in Latvia financial system
- Danske Banka posts LVL 1.23 M in net profit in 2011
- Latvia: EUR 446.4 M paid to Krajbanka clients so far
- Latvian Savings Bank cannot be relaunched - Ex-Head
- Russian businessman Kim obtains 100% in Latvia’s LTB Bank
- Latvia's SEB Banking Group posts EUR 86.2 M in 2011 profit
- Too many banks in Latvia - SEB Banka’s head
Lithuania
- DNB Lithuania ends 2011 with 12 % rise of pre-tax profit
- Lithuania: SEB Bankas Group made LTL 470 M profit in 2011
- Snoras` assets attract Russian interest
- Creditors, depositors want to revive Snor`s Bank
- Vladimir Romanov raises stake in Lithuania's Ukio Bankas to 62.8 %
- Turnover of Ukio Bankas’ payments cards up fourfold in 2011
Moldova
- Universalbank’s majority stockholder is wanted by Moldovan authorities
Poland
- Bank Handlowy posts net profit of PLN 221.08 M in Q4 2011, up 13.5% y/y
- Bank Handlowy’s CEO on provisions, revenue trends and 2012 goals
- Poland: Financial investor sought by Bank Pocztowy
- BPH Bank on sales and network
- BRE Bank posts net profit of PLN 284.83 M in Q4 2011, up 45.7% y/y
- Get Bank to issue 144.6 M rights shares to complete merger with Getin Noble Bank
- ING Bank Slaski posts net profit of PLN 213.58 M in Q4 2011, up 11.4% y/y
- Fitch downgrades Kredyt Bank's rating to BBB, keeps it on RWE
- Kredyt Bank posts net profit of PLN 44.54 M in Q4 2011, down 22.0% y/y
- Spain's Santander close to buy Kredyt Bank, media sources say
Romania
- Non-performing loans ratio in Romani`n banking system increases to 14.18 percent
- Police smash Romanian bank card fraud ring
- Romania: main economic indicators
- Romanian banks post combined loss of EUR 79 M in 2011
- Tanasescu (IMF): Romanian banking system is solid and well-capitalized
- Erste Group Bank eyes buying 0.36% in BCR For RON 62 M
- Millennium Bank cuts 2011 loss in Romania to EUR 17.8 M
- EUR 11.4 M syndicated loan to ProCredit Bank Romania
- Fitch revises UniCredit Tiriac Bank’s outlook to negative
Russia
- Alexey Simanovsky appointed first deputy CBR chairman, Sukhov takes seat of deputy chairman
- Bank of Russia set to keep close eye on banks' assets in offshore areas, collaterals and deposit rates
- CBR: Russian banking system's capital adequacy ratio not to drop below 12-13% in 2012
- CBR calls on banks to abandon aggressive consumer lending
- Moody's: Investors trust in banking system may decline in 2012
- Profit of Top 30 banks of Russia as of January 1 is RUB 1.717 trn
- RIA-Analitika’s ranking of Russian banks by loan portfolio as of January 1, 2012
- RusRating confirms bank and company credit ratings
- Russia: 27 banks escape losses in 2011 via non-repayable grants
- Russia: St Petersburg banks raise corporate lending in 2011
- Russian banks posted the all-time high profit of RUR 848 bn in 2011
- State-owned banks account for most of M&A market in banking segment
- The Profile magazine made up a rating of Russian banks as of December 1, 2011
- Top-5 Russian banks controls 50% of the market
- NRA upgrades solvency rating of Askold Bank
- In 2011 B&N Bank's pre-tax profit amounted to RUB 1.6 bn
- RAS net profit of Baltiyskiy Bank for 2011 up 5.66-fold
- Bank of Russia poised to tighten banking supervision because of Bank of Moscow and IIB stories
- Barclays Bank RU gets back previous name (Expobank)
- Shareholders of BFA Bank completed acquisition of over 50%
- FSFM annuls license of BTA-Kazan Bank
- RusRating cancels rating of Center-Invest Bank, Investbank
- Credit Bank of Moscow summarized its preliminary 2011 results under Russian Accounting Standards (RAS)
- S&P assigns credit ratings to Credit Bank of Moscow
- FIA-Bank's individual solvency rating affirmed at 'A'
- Moody’s and S&P upgrade Gazprombank ratings to “BAA3” and “BB+”
- Russian subsidiary of International Bank of Azerbaijan officially becomes Bank IBA-Moscow
- KEDR Bank reports top-management dealings
- Bank of Russia's authorized representatives keep working at Khanty-Mansi Bank
- Russian court upholds CBR’s claim to declare National Industrial Bank bankrupt
- NOMOS-BANK Group assets increased 27.4% in 2011
- Russia's CBR withdraws license from Okhotny Ryad Bank
- RFI Bank's solvency rating upgraded
- National Rating Agency confirms individual rating of solvency assigned to Rus Orenburg Mortgage Commercial Bank
- Court invalidates sale of controlling interest in Ruskobank
- Sberbank to increase retail loans 26% in 2012
- Sberbank ranked 17th in the list of most expensive banking brands in the world
- Sberbank set to pay EUR 80 M less for VBI (EUR 505 M), with EUR 80 M injected into VBI
- Sberbank boosts RAS net profit to RUB 29.2 bn in January
- Sbdrbank intends to benefit from the problems of the European rivals yielding ground in Russia
- Russia: New appointments in Samara-based bank Solidarnost
- Sviaz-Bank enters TOP 5 lead managers of internal bond issues
- Svyaznoi Bank on share sale
- Solvency rating of Unifin affirmed at 'A'
- Russia’s Central Bank recalls representatives from UralSib Bank
- VTB24 and Bank of Moscow announce their cooperation in mortgage market
- VTB Group raises stake in Bank of Moscow to 94.84%
- Putin: Russia’s VTB Bank ready to use profit to buy back shares
- VTB Capital ranked as best investment bank of Central and Eastern Europe on ECM and DCM according to BNE
- VTB buyback details finalized $26lt;/li>
- Russia: Zerich launches Internet bank Faktura.ru for retail customers
Slovenia
- Slovenian banks losses soared in 2011: Central Bank
- Slovenian banks unwilling to lend despite ECB financing, institute says
- KBC vague about its plans in NLB
- NLB Bank website down, Anonymous suspected
Tajikistan
- Malaysian companies reportedly intend to open investment bank in Tajikistan
- Agroinvestbonk, Rosselkhozbank to boost cooperation
- Pakistani Habib Bank to open its branch in Dushanbe
- Orienbonk’s assets exceed 1.760 bn somoni
Turkey
- Turkish banks’ net profit declines 10.3% in 2011
- Isbank implements 2 400 Biometric ATMs using Hitachi technology
- Is Bankasi considers buying or establishing bank in Azerbaijan
Ukraine
- 10 banks join Independent Association of Banks
- 31 Ukrainian banks suffer net loss in 2011
- National Bank allows banks to account non-registered paid dues in statutory fund by July 1
- Ukrainian banks suspected of money laundering to be denied licenses for foreign exchange operations
- UCBU wants cancellation of norms obliging banks to report to tax authorities about incomes and expenditures of counteragents on single tax
- Accent Bank, Ahrokombank, Aktabank, Aktyv Bank, Artem Bank, BTA Bank, Citibank, Credit Agricole Bank, Clearing House Bank, Diamantbank, Divi Bank, Eastern Industrial Bank, European Gas Bank, European
Industrial Bank, Familnyi Bank, Finbank, Kyivska Rus Bank, Kredyt Dnipro Bank, Kredobank, Kyiv Bank, Marfin Bank, Megabank, Nadra Bank, Oschadbank, OTP Bank, Piraeus Bank ICB, Pivdenkombank, Prominvestbank, Privatbank, Raiffeisen Bank Aval, SEB Bank, Soyuz Bank, Tavryka Bank, Terra Bank, Trust Bank, Ukrainian Professional Bank, Ukrainskyi Finansovyi Svit Bank, Ukrbusinessbank, Ukrinbank, Ukrkommunbank, Ukrsotsbank, UniCredit Bank, West Finance & Credit Bank, Zlatobank report Q4 profit
- Akkordbank, BM Bank, Erste Bank, Forum Bank, ING Bank (Ukraine), Platinum Bank, Pravex-Bank, Tsentr Bank, UkrSibbank, Universal Bank, VAB Bank, Yekaterynoslavskyi Bank report Q4 loss
- Riurik assigns uaBBB rating to InterCreditBank
- Market Invest Group reduces stake in Khreschatyk Bank sh`re capital to 20.5% from 25%
- Prominvestbank's net profit comes to UAH 30 M in 2011
- EBRD to guarantee loan of USD 20 M to Raiffeisen Bank Aval and Raiffeisen Leasing Aval for lending to farmers
- AUB: Losses of Rodovid Bank, Ukrhazbank, and UkrSibbank mostly responsible for banking system's negative financial results in 2011
- National Bank to close Stolytsia Bank
- TAScombank intends to boost share capital by almost 76% by late 2012
- EuroWeek announces Ukreximbank Eurobond transaction as Deal of Year
- Moody's withdraws UkrSibbank’s ratings
- Ukrkomunbank, Fortuna-Bank, Bank National Credit to raise capital
- Fitch rates VTB Ukraine's UAH-denominated bonds
Uzbekistan
- Best banks of Uzbekistan to attract deposits identified
- Asaka Bank ups assets by third in 2011
Regional news*
- AK BARS Bank Murabaha Islamic financing facility awarded Europe Deal of Year by Islamic Finance News
- Raiffeisen doesn’t see looming East Europe credit crunch
- Capital increase of UniCredit: 99.8% subscribed
- Fitch confirms UniCredit’s ratings after Italy's recent downgrade
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